OPENLANE INC (KAR) Stock Price, Quote, News and Summary

Company Profile

OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. The company is headquartered in Carmel, Indiana and currently employs 4,500 full-time employees. The company went IPO on 2009-12-11. The company offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The firm's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Company’s segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.

Company Info

OPENLANE INC

11299 N. Illinois Street

Carmel INDIANA 46032 US

CEO: James P. Hallett

Employees: 4163

Company Website: https://www.openlane.com/

Investor Relations: https://ir.corporate.openlane.com/investor-relations/default.aspx

Phone: 18009233725